Wednesday, April 08, 2015

Stocks to keep an eye on April 09, 2015

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King Digital Entertainment PLC (NYSE:KING) Today's pop broke the neckline of a Bullish Inverted head and shoulders pattern that I have been mentioning in my recent posts. Daily technical chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50-day EMA on top of 200-day EMA. Tomorrow, keep an eye for a possible breakout over $16.93

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Digital Ally, Inc. (NASDAQ:DGLY) still looks pretty good on the daily chart with volume expanding as it moves higher. Stock continues to look bullish and had a decent day today. Could squeeze over 14.50

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SolarCity Corp (NASDAQ:SCTY) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $54.80. Technical indicators are becoming more favorable with MACD and RSI rising. There could be good upside in this trade, so watch the stock closely on Thursday.

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GoPro Inc (NASDAQ:GPRO) is setting up for higher prices IMHO, 50-day EMA is also a key resistance to break thru. As I mentioned on Twitter, I keep holding my long position waiting for something big. Special points of interest on daily chart: Price has formed a very crucial and strong support around the $40 levels and is trading above. MACD and ADX are showing a positive divergences. Watch to see what it does here.

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Qualys Inc (NASDAQ:QLYS) caught my eye today because the chart has a bullish posture without looking very overbought. The stock broke out of a consolidation range as it closed up $3.35 on the day. Wednesday’s high was $52.96 which is resistance for Thuersday’s continuation move. As long as the stock stay above 50 area, the bullish scenario is still intact.

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Rambus Inc. (NASDAQ:RMBS) looks ripe for an explosive move upwards. The stock had a strong bullish momentum on today, gaining 5% andclosing near the highs of the session. Very strong. So, with the bulls pushing shares higher, I expect the stock to see a continuation of high volume and price appreciation in the coming sessions. The trend is bullish and a move to the $14.50 appears likely.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

About Me

I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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Disclaimer: I am a 43 year old Independent Trader using propriety technical analysis with more than 18 years experience of investing in the stock markets. I started this blog in 2006 simply as a way to share my thoughts on the market.Please keep in mind that My blog contains only my personal opinion and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy,sell, or hold that or any other security. My past results are not necessary indicative of future performance.Any trades or investments are committed at your own risk. I am not a professional money manager. Always consult your broker for any of your investment decision.Trade at your own risk. All opinion in this blog is intended for educational purpose only and AC Investor is by no means liable for any potential damages that may be incurred from this information.Trade at your own financial risk as I assume no responsibility for your investing decisions in the markets.